1,723
Views
1
CrossRef citations to date
0
Altmetric
FINANCIAL ECONOMICS

Financial development, interest rate pass-through and interest rate channel of monetary policy

ORCID Icon
Article: 2209952 | Received 06 Feb 2023, Accepted 30 Apr 2023, Published online: 08 May 2023

Figures & data

Figure 1. The link between financial development, monetary policy and the interest rate pass-through process.

Source: Author’s elaboration
Figure 1. The link between financial development, monetary policy and the interest rate pass-through process.

Table 1. Description and measurement of variables

Table 2. The principal component analysis results

Figure 2. Scree plot of eigen after PCA.

Source. Author’s computation from PCA.
Figure 2. Scree plot of eigen after PCA.

Table 3. Descriptive statistics

Table 4. Correlation coefficient

Table 5. Unit root analysis

Table 6. Impacts of financial development and monetary policy on interest rate pass-through

Table 7. Sub-sample (1981–2011): Impacts of financial development and monetary policy on interest rate-pass-through

Table 8. Sub-sample (1991–2021): impacts of financial development and monetary policy on interest rate-pass-through

Table 9. Robustness check: the ECM procedure